Gold Mining

Search documents
Wesdome Gold Mines Upsizes Revolving Credit Facility on Improved Terms and Extends Maturity
Globenewswire· 2025-06-19 14:57
Core Viewpoint - Wesdome Gold Mines Ltd. has successfully amended and restated its credit agreement, increasing and extending its secured revolving credit facility to a total of up to US$300 million, maturing on June 19, 2028, which is a significant enhancement from the previous facility [1][2]. Group 1: Credit Facility Details - The new credit facility includes aggregate commitments of US$250 million, with an additional accordion of US$50 million, representing approximately a twofold increase from the current facility [2]. - Advances under the credit facility will incur interest at the Secured Overnight Financing Rate (SOFR) plus a margin of 2.25% to 3.25% per annum, depending on the company's leverage ratio [3]. - The credit facility can be utilized for general corporate purposes, including acquisitions, distributions, investments, and ongoing mine development [3]. Group 2: Management Commentary - The President and CEO of Wesdome expressed gratitude to the lenders for their support, highlighting that the increased credit facility and improved terms reflect the quality of the company's assets and progress made [3]. Group 3: Financial Advisors and Arrangers - National Bank Financial Inc. acted as the sole lead arranger and bookrunner, while Bank of Montreal served as the syndication agent [4]. - The syndicate of lenders includes National Bank of Canada, Bank of Montreal, Fédération des Caisses Desjardins du Québec, and Canadian Imperial Bank of Commerce [4]. - GenCap Mining Advisory provided credit advisory services to Wesdome regarding the financing [4]. Group 4: Company Overview - Wesdome Gold Mines is a Canadian-focused gold producer with two high-grade underground assets located in Northern Ontario and Val-d'Or, Québec [6]. - The company's primary objective is to leverage its operating platform and exploration pipeline to build a growing, value-driven gold production business [6].
Pilbara Exploration Update
Globenewswire· 2025-06-19 14:05
High-Grade Gold and Antimony TargetsHIGHLIGHTS Novo has advanced Pilbara high-grade gold and gold-antimony prospects which will be the focus for exploration and drilling in H2 2025.Exploration at the Sherlock Crossing Au-Sb prospect has defined a coherent 1.5 km antimony in soil anomaly (at > 15 ppm Sb), with gold anomalism up to 85 ppb Au, with all heritage and compliance approvals now in place for exploration drilling.At the Southeast Wyloo Au-Sb-Ag-Cu Project, plans are in place to complete mapping and ...
Gold Royalty (GROY) 2025 Earnings Call Presentation
2025-06-19 11:41
Capital Markets Day 2025 June 12, 2025 goldroyalty.com / NYSE: GROY Disclaimer Cautionary Note Regarding Forward-Looking Statements The information contained herein includes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements") concerning the business, operations and financial performance of Gold Royalty Corp. ("GRC" or the "Company") and, in some instances, the business, mining operation ...
Canadian Gold Corp. Private Placement Offering for New Hammond Reef South Program to Follow up 2024 Surface Samples That Returned 35.4 g/t Gold
Newsfile· 2025-06-19 11:30
Core Points - Canadian Gold Corp. plans a follow-up program on the newly discovered high-grade gold zone at Hammond Reef South, which returned surface samples of 35.4 g/t and 7.1 g/t gold [2][3] - The Hammond Reef South property was acquired in 2023 to enhance the company's mineral rights around major Canadian mines, with a mineralization stock work vein system identified [3][12] - The 2025 program will include surface work and a geophysical program to evaluate the gold system's extent and refine drilling targets [4] Company Strategy - The company aims to expand its high-grade gold resource at the Tartan Mine and holds interests in properties adjacent to significant gold mines in Canada [12] - A private placement offering of up to 859,375 flow-through common shares at $0.32 per share is planned to fund the program, potentially raising up to $275,000 [5][6] Geological Context - The Hammond Reef South property is located near Agnico Eagle's Hammond Reef Project, which has over 5 million ounces of gold in mineral resources [2][12] - The identified vein system has a minimum strike length of 80 meters and widths up to 20 meters, with significant gold grades reported from channel samples [3][4]
Dynacor Group Reports Sales of US$26.1 Million in May 2025
Globenewswire· 2025-06-19 11:30
MONTREAL, June 19, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX-DNG) (“Dynacor” or the "Corporation"), today announced unaudited gold sales of $26.1 million in May and year-to-date sales of $128.9 million. All figures are in US dollars unless otherwise indicated. Monthly Highlights Gold sales reached $26.1 million (C$36.2 million1) in May 2025, compared to $23.7 million (C$32.4 million) in May 2024.The increase in sales of $2.4 million or +10.1% versus May 2024 results from an increase in the sales pric ...
Labrador Gold Begins 2025 Exploration at Hopedale Gold Project
Globenewswire· 2025-06-19 11:30
TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB | OTCQB: NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that a field crew has mobilized to the Hopedale gold project in Labrador and that work has begun on the 2025 exploration program. The district scale Hopedale property covers a 43km strike length of the Archean-age Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. E ...
NexGold Infill Drilling Intersects 1.60 g/t Gold Over 36.80 Metres at the Goldboro Gold Project
Globenewswire· 2025-06-19 11:00
Core Viewpoint - NexGold Mining Corp. is advancing its 25,000-metre diamond drill program at the Goldboro Gold Project in Nova Scotia, aimed at improving geological and grade continuity of the Mineral Resource and potentially upgrading Inferred and Indicated Mineral Resources [1][3]. Drilling Program Update - The drill program is progressing well with two active diamond drills, expected to be completed by the end of Q2 2025, with final assay results anticipated in mid-Q3 2025 [1]. - A total of 42 drill holes have been released, representing approximately 30% of the proposed program, with results indicating consistent mineralization with previous drill results [4]. Assay Results - Recent assay results from 11 infill diamond drill holes totalled 3,063.00 metres, showing significant gold intersections, including: - 1.60 g/t gold over 36.80 metres in drill hole BR-25-504, with a high of 53.57 g/t over 0.60 metres [6]. - 0.83 g/t gold over 32.55 metres in the same hole, with 6.00 g/t over 1.60 metres [6]. - Additional notable intersections include 0.61 g/t over 21.80 metres in BR-25-507 and 2.47 g/t over 4.65 metres in BR-25-484 [6]. Geological Model and Resource Update - The existing geological model broadly predicts gold mineralization locations, with adjustments made for local variations where necessary [4]. - The drill program continues to identify additional gold mineralization in previously under-sampled intervals, which will be incorporated into the forthcoming Mineral Resource estimate planned for H2 2025 [4]. Feasibility Study and Permitting - The data from the drill program will support a planned update to the Feasibility Study, which is ongoing while awaiting the final decision on the Nova Scotia Industrial Approval for the project [3]. - The company has received a Notice of Completion regarding its Industrial Approval application, marking a significant milestone in the permitting process for the Goldboro Gold Project [3].
Dryden Gold Extends the Elora Gold System to One Kilometer Strike and Discovers Multiple Stacked Gold-Bearing Structures
Newsfile· 2025-06-19 10:00
Core Viewpoint - Dryden Gold Corp. has announced significant findings from its initial drilling campaigns at the Pearl and Laurentian targets, indicating the extension of the Elora Gold System and the discovery of multiple stacked gold-bearing structures, which may present new exploration opportunities [1][3]. Drilling Results - At the Pearl Target, drill hole DGR-25-007 intersected three gold-bearing zones, with the main zone returning 2.26 g/t gold over 8.80 meters, including higher grades of 7.12 g/t over 2.60 meters and 25.80 g/t over 0.60 meters [4][6]. - Drill hole DGR-25-006 at Pearl also intersected three stacked mineralized structures totaling over 21 meters [6]. - At the Laurentian Target, drill hole DGR-25-001 returned assays of 28.60 g/t gold over 0.50 meters, indicating a similar zone to a previous high-grade discovery at the Jubilee Zone [6][7]. Exploration Strategy - The exploration team plans follow-up drilling at Laurentian to test deeper extensions of the system and to explore the high-grade zones below historical workings [8]. - At Pearl, the focus will be on developing targets to test depth and strike extensions to expand the high-grade zone [8]. Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and controls a strategic land position in the Dryden District of Northwestern Ontario, with a history of limited modern exploration [13].
Ascot Announces Results of Annual General Meeting Held June 18, 2025
Globenewswire· 2025-06-19 04:01
VANCOUVER, British Columbia, June 18, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) reports that at its annual general meeting (the "AGM") held on June 18, 2025, Ascot's Shareholders approved by majority: to set the number of directors at six (6), to elect all six directors standing for election; to re-appoint PricewaterhouseCoopers LLP as the Company's auditor; and the philosophy and design of the Company’s executive compensation. Detailed results of the ...
5 High-Earnings Yield Picks to Ride Out Market Uncertainty
ZACKS· 2025-06-18 13:41
Market Overview - The stock market is experiencing a new wave of uncertainty due to geopolitical tensions and weaker-than-expected economic data, particularly in U.S. retail sales for May [1][2] - The Israel-Iran conflict has escalated, contributing to investor unease [1] - The upcoming Federal Reserve meeting is a focal point, with expectations that weak economic data may lead to a more dovish stance from policymakers [2] Investment Strategy - In the current volatile market environment, a value investing approach focusing on fundamentally strong companies with reasonable prices is recommended [3] - Companies with high earnings yields are highlighted as potential investment opportunities [3] Earnings Yield Insights - Earnings yield is a key metric for assessing potential returns, calculated by dividing earnings per share by stock price [4] - A higher earnings yield may indicate undervaluation, while a lower yield could suggest overvaluation [5] - Comparing earnings yield to the yield on 10-year Treasury bonds can help determine investment worthiness [5] Screening Criteria - The primary screening criterion is an earnings yield greater than 10% [6] - Additional parameters include estimated EPS growth exceeding the S&P 500 and an average daily trading volume of at least 100,000 shares [7][6] - Stocks must also have a current price of $5 or more [8] Selected Stocks - Five stocks with earnings yields above 10% and strong growth potential have been identified: - **Aris Mining Corporation (ARMN)**: Expected earnings growth of 226% and 81% for 2025 and 2026, respectively, with a Zacks Rank 1 [10] - **Quanex Building Products Corporation (NX)**: Projected earnings growth of 19.6% and 14% for 2025 and 2026, respectively, also with a Zacks Rank 1 [11] - **Heritage Insurance Holdings, Inc. (HRTG)**: Anticipated earnings growth of 62% and 13% for 2025 and 2026, respectively, with a Zacks Rank 1 [12] - **Popular, Inc. (BPOP)**: Expected earnings growth of 17% and 20% for 2025 and 2026, respectively, holding a Zacks Rank 1 [13] - **Priority Technology Holdings Inc. (PRTH)**: Projected earnings growth of 108% and 34% for 2025 and 2026, respectively, with a Zacks Rank 1 [14]